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20121129
20121207
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to congress. january 1, 2013, new tax rates and rolls kick in. january 2, 2013, $110 billion in fiscal cliff spending cuts due to begin. march 27, 2013, funding of the federal government expires. august 1, 2013, white house's suggested deadline for resolving major changes to the tax code and entitlements. ron has this to say about the fiscal cliff -- let's hear from ray in philadelphia, a republican caller. caller: good morning. i think the republicans have to get out a better message. if we realize we ran out of money for all the programs we are having, what is going to happen in another 10 years? what happens is, these people earning more than $250,000, they worked from the age of 18 to move up the ladder and finally reached success. the pint the republicans have to make is it is time to lower taxes on middle-class families. it has reached a pinnacle. it is time to may be lower taxes on the middle-class. we have to cut spending because the economy is in such bad positicondition. democrats keep pointing out that 98% of businesses are less than $250,000. 98% of people working in those busine
got props. the clinton era rates which america will return to in january unless the fiscal cliff is resolved. it brought more revenues than at any point in the 1980s. thank you. [ applause ] >> grover! >> stephanie: norquist and maria commented this is a different environment than the 1990s. grover said we got four years of bad regulation, higher taxes. he wants to add more taxes to the tea party too. it will starve tea party i if obama pushes us over the cliff. [ screaming ] >> can't just wait for tea party three. >> probably about 150 billion. >> stephanie: that would be bad. okay. oh, let's see. phillip in durham disagrees with everything i say. about everything? >> ever! >> stephanie: hi, phillip. >> caller: hi, stephanie. look. appreciate the show. i think you have not been fair to the facts and let me just ask you from the -- what we're talking about -- >> stephanie: the facts are oversensitive in my opinion. >> caller: that's why you're better as a comedian than a political pundit. >> stephanie:
on the fiscal cliff negotiations. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's a wrong approach. >> stephanie: which one was that? >> that was six. >> stephanie: okay. no, i wanted 8. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new taxes. calls for a little -- not even $400 billion in cuts and they want to have this extra spending that's actually greater than the amount they're willing to cut. it was not a serious proposal. >> not serious. >> so right now we're almost nowhere. >> stephanie: here's the reason why we're almost nowhere. [ ♪ "world news tonight" ♪ ] boehner declines to name certain entitlement cuts. asked what specific cuts over the fiscal cliff he pointed reporters to previous budgets declining to name further -- >> stuff. >> stephanie: then he said there is a stalemate because -- >> stalemate. do not put anything on the
. the democrats line. caller: looking at the we go back -- at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any income. guest: i think that is a great point. it brings up one thing we have not mentioned yet. the payroll tax cut is about to expire. if that expires, every paycheck in the country is going to go down about $1,000 on january 1st. that would hurt consumption. it would hurt the customers of businesses. the president has proposed to extend that. i think that is reasonable. we will see a firm public and keep up their opposition or they give in. we have a sleeper here that cannot be ignored. if we do not extend that, every paycheck in the country is going to go down. >> i agree
prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- remember, it's only 2%. the size of the problem in some sense is so large, it can't be solved without rates going up as part of that. again, i think there's broad recognition of that reality now. >> one fallback option republicans are reportedly considering is to accept tax cuts for the middle class, allow rates to go up for the wealthiest, and then start the fight over again during debt limit talks early next year. yesterday at a business roundtable of ceos, president obama took a hard line, warning his opponents not to consider this strategy. >> if congress in any way suggests that they're going to tie negotiations to dell creting votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game. >> well, i wonder, the president's saying, steve, that, you know what, we can
the fiscal cliff? guest: if we go off the cliff, the rate will go up to 39.6%. the low bracket will go away and the lowest tax bracket will be 15% if we go off the cliff. 15% to 39.6% if we go off the cliff. caller: what about the other rates? host: we have a question on twitter. guest: you don't pay taxes on losses. a you're making profits and picture up over $250,000, that could result in a tax increase that kicks you over $250,000. caller: we need jobs in this country. i hear all this money being talked. the average worker -- i am lucky i get 30 hours. they're cutting down to 20 hours at wal-mart. i had a good manager. i notice a woman comes in. she says we can get anybody to work. you talk about the tax credits. most of us have no chance of getting anything like that. this is too low republicans and democrats. fascism and communism, it was always party first. that's what our country has come to. we have to come together as true conservatives and true democrats and come together. guest: one of the big lessons we should take away -- we should look at whether these tax incentives result in
's the first part of the fiscal cliff. the second part of it is the spending decrease that this congress and the president agreed to the last summer to say we dramatically increase spending, we have to reduce that spending. that spending decrease that was agreed to had a deadline by the end of this year. if there didn't there would be across the board cuts. the house passed our spending decreases in may. the senate has yet to pass any. with that we're stuck with across-the-board cuts that will be in early january. and the tax rate for all americans. in 2001 and 2003 and then extended during the lame duck of 2010, every americans' tax rates were extended out to expire the 31st of december. every tax rate from the lowest to the highest is set to go up. some people see the problem is we're not taxing enough and so that solves the problem. to just go off the fiscal cliff and everyone will be taxed more. some say we don't take from some group and give to the other. some say go to the clinton tax rate. we had a booming economy and creating more jobs. if increasing taxes increases economic acti
problem that we have. >> the prospect of going over the fiscal cliff, which you just called serious business, for extending the lower tax rate and not the upper ones. >> i'm going to do everything i can to putting the american economy, american people through the fiasco of going over the fiscal cliff. >> which is worse? >> as i told the president a couple weeks ago, there is a lot of things i have wanted in my life but almost all of them had a price tag attached to them. in we are going to talk about the debt limit in this, we are -- there's going to be some price tag associated with it. i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> there is a live twitter feed with comments from viewers and reporters with documents and links at c-span.org/fiscalcliff. democrats have been meeting, holding their leadership elections. all positions were unanimously elected by aically mation. no surprise. dem
this "fiscal cliff." this political theater, if you don't allow these tax cuts to expire on the rich, the 1%, it's .25% coming off of gdp. you are losing a quarter percentage point. granted gdp numbers were better than we thought they would be. you are still losing a quarter percent if you let these tax cuts expire. it's an odd thing when we're so fragile on growth. >> let me take you to the trading element. what's happening is you get continued announcement of special dividends. you have been buying stocks on that basis. talk me through where you are now on perhaps what people may buy moving forward. >> it's a process that you really want to take into effect. it's got to be a company that you think is going to have some growth going forward. i bought winn. based on the company's fundamentals and then also for the kicker, the special dividend. that's something that i played. i also bought costco because i like the company's underlying fundamentals and a kicker for the special dividend there. you must like the company. >> that's important. the stock as it goes ex-dividend as we saw with choi
of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but republicans have slammed him for campaign-style politics that they say just won't get the job done. rob and sunny, back to you. >> can you really imagine that they're not going to reach some sort of deal to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a provision now, part of the negotiations where, the congressional control over the debt limit would go away. and congress does not like to have its power take any way. so maybe the white house, upped the an
are going to be talking about the fiscal cliff, the statements the house speaker made about being a stalemate and what the president said during his trip to a toy factory in pennsylvania. here are the numbers. you can also reach out to us by e-mail and twitter and facebook, all of the social media as. on twitter the addresses @cspanwj, facebook.com/cspan. more from the article by jake sherman with the headline " fiscal cliff." he writes -- let's go to the phones. the first call comes from debbie in flint, mich. on the line for democrats. caller: i think they need to pass a law that these guys did not get paid. if i go to work and did not do my job, they will not pay me. they have not done their jobs in the years. they need to listen to the american people. we picked barack obama up for a reason because we like his policies. they need to get a clue. they are already struggling and having a hard time. if they do not get a clue, they will not be back there. host: republicans say the president and democrats are not making any good-faith offers, the same thing democrats say about repub
house averts the fiscal cliff. millions of americans are not finding this partisan fighting so funny. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk manageme
Search Results 0 to 12 of about 13 (some duplicates have been removed)